Chemical Sector Q1 Preview - Good Prospects Despite Niggling Worries: Nirmal Bang
An employee handles granules of urea, or carbamide, at a fertiliser plant. (Photographer: Andrey Rudakov/Bloomberg)

Chemical Sector Q1 Preview - Good Prospects Despite Niggling Worries: Nirmal Bang

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Nirmal Bang Report

We expect healthy earnings for our chemical companies in Q1 FY22, aided by soil moisture and high water storage levels in key reservoirs, which is good for Kharif crop prospects and crop protection chemicals/fertiliser demand.

The surge in global crop prices to record highs and healthy agri-product demand (especially for corn/soya from China) are reported to have lifted farm incomes globally and in India.

Tata Chemicals Ltd. is likely to see mixed prospects as chemical margins could suffer a hit as a result of higher cost pressure amid rising freight and energy prices.

Click on the attachment to read the full report:

Nirmal Bang Chemical Sector - Q1FY22 Result Preview- 8 July 2021.pdf

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